Mission Creek Capital Partners Inc. Has $584,000 Stock Holdings in Lamar Advertising Company $LAMR

Mission Creek Capital Partners Inc. lessened its holdings in Lamar Advertising Company (NASDAQ:LAMR) by 18.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,129 shares of the real estate investment trust’s stock after selling 1,132 shares during the quarter. Mission Creek Capital Partners Inc.’s holdings in Lamar Advertising were worth $584,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Hamlin Capital Management LLC boosted its holdings in shares of Lamar Advertising by 3.4% in the 1st quarter. Hamlin Capital Management LLC now owns 1,311,526 shares of the real estate investment trust’s stock valued at $149,225,000 after purchasing an additional 43,081 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Lamar Advertising by 0.4% in the 1st quarter. Northern Trust Corp now owns 1,282,892 shares of the real estate investment trust’s stock valued at $145,967,000 after purchasing an additional 4,495 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Lamar Advertising by 0.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,109,668 shares of the real estate investment trust’s stock valued at $126,258,000 after purchasing an additional 7,426 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Lamar Advertising by 5.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 917,833 shares of the real estate investment trust’s stock valued at $104,431,000 after purchasing an additional 50,004 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in shares of Lamar Advertising by 4.3% in the 1st quarter. HighTower Advisors LLC now owns 674,089 shares of the real estate investment trust’s stock valued at $76,698,000 after purchasing an additional 27,823 shares in the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

Insider Buying and Selling at Lamar Advertising

In other news, CFO Jay Lecoryelle Johnson sold 22,000 shares of Lamar Advertising stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $124.28, for a total value of $2,734,160.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 14.99% of the company’s stock.

Lamar Advertising Stock Down 1.1%

Shares of NASDAQ:LAMR opened at $126.13 on Friday. The firm has a market cap of $12.77 billion, a P/E ratio of 29.33 and a beta of 1.36. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.45. Lamar Advertising Company has a 12-month low of $99.84 and a 12-month high of $139.88. The business has a fifty day simple moving average of $123.18 and a 200 day simple moving average of $119.12.

Lamar Advertising (NASDAQ:LAMR) last announced its earnings results on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.74. The business had revenue of $579.31 million during the quarter, compared to analyst estimates of $580.72 million. Lamar Advertising had a return on equity of 41.85% and a net margin of 19.72%. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. Analysts predict that Lamar Advertising Company will post 7.92 earnings per share for the current year.

Lamar Advertising Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be given a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Friday, September 19th. Lamar Advertising’s dividend payout ratio (DPR) is currently 144.19%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on LAMR shares. Morgan Stanley raised their price objective on Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a report on Monday, August 4th. Citigroup raised Lamar Advertising from a “neutral” rating to a “buy” rating and raised their price objective for the company from $114.00 to $135.00 in a report on Thursday, May 29th. JPMorgan Chase & Co. cut their price objective on Lamar Advertising from $125.00 to $122.00 and set a “neutral” rating on the stock in a report on Monday, August 11th. Finally, Wells Fargo & Company cut their price objective on Lamar Advertising from $122.00 to $119.00 and set an “equal weight” rating on the stock in a report on Monday, August 11th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $134.20.

About Lamar Advertising

Lamar Advertising Company operates as an outdoor advertising company in the United States and Canada. The company owns and operates billboards, logo signs, and transit advertising displays, as well as rents space for advertising on billboards, buses, shelters, benches, logo plates, and in airport terminals.